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Stock Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
13.43 13.45 13.35 13.44 +0.09
Entry Signal

MarketClub’s Trade Triangles for MRD

long term down The long term trend has been DOWN since Aug 1st, 2018 at 14.22

intermediate term down The intermediate term trend has been DOWN since Sep 14th, 2018 at 14.34

short term down The short term trend has been DOWN since Nov 7th, 2018 at 13.99

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.43 13.45 13.35 13.44 +0.09
Prev. Close Volume Bid Ask Time
13.35 3762 2018-11-15 15:20:52
Year High15.95Year High Date2018-05-18
Year Low13.32Year Low Date2018-11-13
52wk High15.9552wk High Date2018-05-18
52wk Low13.3252wk Low Date2018-11-13
Year End Close15.75Average Volume6,740
Volatility18.63
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